Saturday 11 July 2020

HRH Crown Prince and HRH the Premier at the Cabinet meeting

Bahrain allows 100pc foreign ownership in oil spill services

MANAMA, October 30, 2018

Bahrain's cabinet yesterday (October 29) approved 100 per cent ownership of firms offering oil spill treatment services by foreign companies and investors.
The approval was granted in the light of a memorandum submitted by the Minister of Industry, Commerce and Tourism, and based on a proposal by the Minister of Oil, said a Bahrain News Agency report.
The Cabinet meeting was chaired by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa and attended by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Premier.
The Cabinet also agreed to allow Thai nationals to carry out commercial activities by 100 per cent ownership in the Dragon City mall, based a proposal by the Minister of Industry, Commerce and Tourism.
The request, which was approved by the Bahrain Chamber of Commerce and Industry, was submitted by the Diyar Al-Muharraq Company.
Meanwhile, the Cabinet instructed all ministries and government departments to submit reports to the Ministerial Committee for Financial Affairs and Rationalisation of Expenditure on their achievements regarding their programmes to reduce in the short and medium terms.

Tags: Bahrain | oil spill |

More Energy, Oil & Gas Stories

calendarCalendar of Events